Lotus Technology Inc. Sponsored ADR (NASDAQ:LOT - Get Free Report) saw strong trading volume on Friday . 331,046 shares traded hands during mid-day trading, an increase of 115% from the previous session's volume of 154,275 shares.The stock last traded at $2.04 and had previously closed at $2.00.
Lotus Technology Stock Performance
The stock has a 50 day moving average of $2.17 and a two-hundred day moving average of $2.00. The stock has a market cap of $1.40 billion, a PE ratio of -1.34 and a beta of 0.44.
Lotus Technology (NASDAQ:LOT - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The company reported ($0.28) earnings per share for the quarter. The firm had revenue of $92.82 million for the quarter.
Institutional Trading of Lotus Technology
A number of institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC increased its holdings in Lotus Technology by 64.1% in the 1st quarter. Jane Street Group LLC now owns 16,966 shares of the company's stock valued at $27,000 after buying an additional 6,629 shares during the period. Bank of America Corp DE grew its holdings in shares of Lotus Technology by 178.8% in the 4th quarter. Bank of America Corp DE now owns 7,560 shares of the company's stock worth $27,000 after purchasing an additional 4,848 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Lotus Technology in the 2nd quarter worth about $34,000. Marshall Wace LLP bought a new stake in shares of Lotus Technology in the 4th quarter worth about $63,000. Finally, Townsquare Capital LLC bought a new stake in shares of Lotus Technology in the 4th quarter worth about $236,000. 63.40% of the stock is currently owned by institutional investors and hedge funds.
About Lotus Technology
(
Get Free Report)
Lotus Technology Inc engages in the design, development, and sale of battery electric lifestyle vehicles worldwide. It also distributes sports cars. The company sells its products under the Lotus brand. Lotus Technology Inc is based in Shanghai, China.
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